Nakheel partners with Mashreq

Nakheel has entered into a new arrangement with leading financial institution, Mashreq to provide mortgages for investors purchasing homes at Jumeirah Park in Dubai.

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Published: Wed 28 Aug 2013, 11:17 AM

Last updated: Tue 7 Apr 2015, 7:50 PM

The new strategic alliance, which strengthens evidence of renewed confidence in Dubai’s real estate market, was cemented on Tuesday with the opening of a dedicated Mashreq kiosk at the Nakheel Sales Centre. Under the collaboration, the bank aims to provide attractive and flexible home loans to new, off-plan buyers, and to people who have already purchased and are looking for finance to assist with agreed payment schedules on their property. Sanjay Manchanda, CEO of Nakheel, said: “This is a major step forward for Dubai’s property market, and is welcoming news for end-users. Our collaboration with Mashreq highlights the renewed buoyancy in Dubai’s property sector, and the increasing trust among banks and investors in Nakheel and its projects.”

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